Saturday, September 7, 2013

Where can i find a viable business partner? -

hey,,so not going to ramble on, but i want to try and develop a business.iv no friends i feel comfortable doing this with,so iv turned to the internet in search of a business partner, though im struggling to find anywhere suitable to search/meet one.is there any specific websites/forums??im based in the uk so the american sites although good, are unusful.cheers

Have you so little business acumen that you need some one to do it for you? If true then suggest you will be in big trouble, so best to get a job in a business and learn how to do it.

Jonathan gives you good advice. Business partners are not always a good idea. There s always a dispute about something - usually money or the other one not doing all that he or she s supposed to. As Jonathan says, why would you want to share your business with someone else?It s better to bring in specific help for certain areas of expertise than give away 50% of your business. If you do go down the route of having a business partner, make sure you draw up a legally binding agreement about your respective roles and investment in the business no matter how well or how little you know them.Speak to your local Business Link about what you re planning to do. They ll guide you through setting it up and, if you need finance, they can help you with places to apply. Whatever you re doing, put together a business plan. It doesn t have to be a terribly formal document unless you do need funding. Again, Business Link is very helpful on the format for your business plan.Good luck!

Hi FoxieIf you haven t got a suitable business partner - ask yourself if you need one? What do you need one for anyway? If you have a business idea then do some planning and research and if it is a viable idea go for it. You might need to get people to help you ... but when you have your own business these are called employees!The trouble with a business partner is that it is a bit like getting married. You have to really trust each other, trust each other with money and trust each other to make the right decisions, trust each other to work hard-no matter what. If you haven t got a person you trust already then looking for and finding one is hard.On the other hand, if by business partner you really mean a money man or a business angel then there are a few places to look. Start by googling business angels. Speak to your accountant, check out business link. But before you do ask yourself why they should invest in you or your business? What s in it for them? Business Angels aren t really there for you, they are there for themselves and what they can get out of helping you to get your business off the ground.Jonathan

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